Want to see HK:1243 full AI Analyst Report?
Top Page
Wang On Properties Ltd.
(1243)
Select Model
Select Model
Rating:44Neutral
Price Target:
HK$0.03
▼(-22.50% Downside)
Action:Reiterated
Date:07/31/26
The score is held down primarily by weak financial performance—especially severe recent losses and negative margins—despite a strong rebound in operating/free cash flow that appears volatile and potentially unsustainable. Technicals add caution with the price still below the 200-day average, while valuation is constrained by a negative P/E (loss-making) and no dividend yield data to offset risk.
Positive Factors
Recent strong operating & free cash flow
The company produced roughly HK$0.9B in operating and free cash flow in the latest year, providing real liquidity to fund projects, service obligations, and cover shortfalls without immediate equity raises. Durable cash generation strengthens financing optionality during the property cycle.
Negative Factors
Severe recent losses and deeply negative margins
Large net losses and negative margins erode retained capital and hurt long-term return generation. Sustained unprofitability weakens reinvestment capacity, increases reliance on balance-sheet moves, and undermines confidence in a stable, durable earnings recovery across coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent strong operating & free cash flow
The company produced roughly HK$0.9B in operating and free cash flow in the latest year, providing real liquidity to fund projects, service obligations, and cover shortfalls without immediate equity raises. Durable cash generation strengthens financing optionality during the property cycle.
Read all positive factors
Wang On Properties Ltd. (1243) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$486.40M
Dividend Yield13.53%
Average Volume (3M)1.12M
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue Growth11.33%
EPS Growth6.38%
CountryHK
Employees156
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.06
Shares Outstanding15,200,000,000
10 Day Avg. Volume1,233,200
30 Day Avg. Volume1,118,666
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.18
Price to Sales (P/S)0.33
P/FCF Ratio0.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Wang On Properties Ltd. Business Overview & Revenue Model
Company Description
Wang On Properties Limited operates as an investment holding firm, primarily concentrating on the acquisition, construction, and sale of commercial and residential real estate throughout Hong Kong. The company's operations are divided into three c...
How the Company Makes Money
The company primarily makes money through (1) property development sales—developing real estate projects and recognizing revenue when completed units or properties are sold; (2) property investment income—earning recurring rental income from inves...
Wang On Properties Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
42
Neutral
Cash Flow
57
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.40B | 1.25B | 297.89M | 1.99B | 38.86M |
| Gross Profit | -67.14M | 139.23M | 59.77M | 316.25M | 15.54M |
| EBITDA | -858.08M | -781.64M | -540.08M | 42.79M | -62.37M |
| Net Income | -914.29M | -976.89M | -733.28M | 211.07M | 285.08M |
Balance Sheet | |||||
| Total Assets | 5.57B | 7.27B | 9.89B | 9.75B | 10.61B |
| Cash, Cash Equivalents and Short-Term Investments | 561.99M | 393.95M | 766.31M | 889.95M | 976.27M |
| Total Debt | 2.88B | 3.47B | 4.72B | 4.21B | 4.58B |
| Total Liabilities | 3.26B | 3.85B | 5.44B | 4.46B | 5.42B |
| Stockholders Equity | 2.57B | 3.48B | 4.45B | 5.27B | 5.17B |
Cash Flow | |||||
| Free Cash Flow | 920.72M | 918.14M | -724.49M | 329.63M | -3.04B |
| Operating Cash Flow | 921.48M | 918.24M | -724.14M | 347.81M | -3.03B |
| Investing Cash Flow | 90.01M | 328.45M | 410.14M | 327.05M | 3.42B |
| Financing Cash Flow | -873.52M | -1.62B | 428.50M | -897.30M | -377.90M |
Wang On Properties Ltd. Technical Analysis
Neutral
0.04
Price Trends
0.03
Positive
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
47.70
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1243, the sentiment is Neutral. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.70 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1243.
Wang On Properties Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
48 Neutral | HK$461.25M | -30.60 | -2.31% | ― | -30.38% | 76.05% | |
46 Neutral | HK$426.66M | -0.22 | -24.20% | 3.33% | -54.15% | -39.05% | |
44 Neutral | HK$486.40M | -0.50 | -32.31% | 13.53% | 11.33% | 6.38% | |
39 Underperform | HK$327.98M | -0.07 | -330.41% | 17.32% | -48.10% | -106.59% | |
37 Underperform | HK$261.24M | >-0.01 | 40.42% | 7.27% | -18.03% | -27.09% | |
37 Underperform | HK$261.36M | -0.10 | -75.97% | 3.66% | -38.39% | -39.14% |
* Real Estate Sector Average
HK:1243
Wang On Properties Ltd.
0.03
>-0.01
-23.08%
HK:1813
KWG Group Holdings
0.09
-0.20
-68.47%
HK:2329
Guorui Properties Ltd
0.11
-0.09
-45.77%
HK:1777
Fantasia Holdings Group Co. Ltd.
0.07
-0.31
-82.37%
HK:2892
Million Cities Holdings Ltd.
0.62
0.23
59.74%
HK:3688
Top Spring International Holdings Limited
0.19
-0.23
-55.71%
Wang On Properties Ltd. Corporate Events
Wang On Properties Sets August 2026 AGM with Share Buy-Back Mandate on Agenda
Jul 24, 2026
Wang On Properties Limited has convened its next annual general meeting for 19 August 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 31 March 2026 and consider the reports of the ...
Wang On Properties Posts HK$1.21 Billion in Preliminary Q2 Contracted Sales
Jul 22, 2026
Wang On Properties has reported aggregate unaudited contracted sales of about HK$1.21 billion for the three months ended 30 June 2026, covering a total saleable area of roughly 47,784 square feet across the group and its joint ventures. The disclo...
Wang On Properties Updates Bermuda Registered Office Address
Jul 21, 2026
Wang On Properties Limited has announced an upcoming change to the address of its registered office and principal share registrar and transfer office in Bermuda, effective 3 August 2026. The new location will be Richmond House, 12 Par-la-Ville Roa...
Wang On Properties Stays in the Red Despite Higher Revenue and Lower Gearing
Jun 25, 2026
Wang On Properties reported an 11% rise in revenue to HK$1.40 billion for the year ended 31 March 2026, driven by property sales, but contracted sales including joint ventures fell 12% to HK$2.93 billion. The group remained loss-making, posting a ...
Wang On Properties Sets June Board Meeting to Approve Annual Results and Consider Dividend
Jun 11, 2026
Wang On Properties Limited has scheduled a board meeting for 25 June 2026 to review and approve the consolidated final results for the financial year ended 31 March 2026. The board will also consider the declaration of a final dividend, signaling ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.